Connected health market to top $117B by 2020
The connected health market will hit $117 billion by 2020 and 86 percent of clinicians believe mobile apps will be central to patient health in that time frame, according to the "State of the App Economy" report from ACT | The App Association.
The top growth areas are predicted to be chronic condition management, personal fitness and wellness, and remote patient monitoring. Remote patient monitoring alone is expected to be a $46 billion market in 2017.
The ease of entry in the app marketplace has led to dramatic growth outside traditional tech centers. More than 82 percent of top app companies are located outside Silicon Valley, and 13 percent are in rural areas.
More than 82 percent of top app makers are small companies.
Editor
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.